AED to CNH

AED - United Arab Emirates Dirham (د.إ.‏)
CNH - Chinese Yuan (offshore) (CNH)
1 AED1 CNH

Currency conversion rates from AED to CNH

AEDCNH
1 AED1 CNH
5 AED5 CNH
10 AED10 CNH
20 AED20 CNH
50 AED50 CNH
100 AED100 CNH
250 AED250 CNH
500 AED500 CNH
1000 AED1000 CNH
2000 AED2000 CNH
5000 AED5000 CNH
10000 AED10000 CNH
CNHAED
1 CNH1 AED
5 CNH5 AED
10 CNH10 AED
20 CNH20 AED
50 CNH50 AED
100 CNH100 AED
250 CNH250 AED
500 CNH500 AED
1000 CNH1000 AED
2000 CNH2000 AED
5000 CNH5000 AED
10000 CNH10000 AED

AED - United Arab Emirates Dirham (د.إ)

The United Arab Emirates dirham is the currency of the United Arab Emirates. The dirham is abbreviated by the currency code AED, and its symbol is د.إ. Unofficial abbreviations include ‘Dhs’ and ‘DH’. The most popular AED exchange is with Indian rupees (INR to AED). The dirham is a fiat currency, and its conversion factor has 6 significant digits.

The Dirham (AED) is the currency of the United Arab Emirates. 1 Dirham = 100 fils. Exchange can be done at a bank, but is less costly at an exchange office. The United Arab Emirates Dirham was pegged to the IMF’s drawing rights in 1978. In 1997 the Dirham was pegged to the US Dollar at 1 USD = 3.6725 dirham.

The United Arab Emirates Dirham is the currency in United Arab Emirates (AE, ARE, UAE). The symbol for AED can be written Dh, and Dhs. The United Arab Emirates Dirham is divided into 100 fils. The exchange rate for the United Arab Emirates Dirham was last updated on Today from The International Monetary Fund. The AED conversion factor has 6 significant digits.

Economy

  • The United Arab Emirates is ranked second in the Corporation Council for the Arab States of the Gulf (CCASG).
  • Natural gas and petroleum exports play an important role in the economy.
  • The service sector is also an important source of income.
  • Construction forms a huge part of the economy; there is currently an average of $350 billion in construction projects.
  • The United Arab Emirates is part of the World Trade Organization.
  • Imports are machinery, manufactured goods, and transport equipment.
  • In 2009, 85% of exports were natural resources.
  • The United Arab Emirates has the fastest-growing economy in the world.

History

  • The original currency in the United Arab Emirates was the Bahraini Dinar.
  • Before 1966 the United Arab Emirates used the Gulf Rupee.
  • The United Arab Emirates dirham started circulating in December 1971. The dirham replaced the Dubai Riyal as well as the Qatar Riyal at par.
  • From 1973 to 1982 the United Arab Emirates issued the Dirham.
  • In 1976 the United Arab Emirates minted commemorative coins.
  • In the late 1980s a fixed rate was established between the Dirham and the USD.
  • 200-dirham denominations were produced only in 1989 and are scarce; however, the 200-dirham was re-introduced in May 2008 in a different color from the original.
  • In 1997 the Dirham was pegged to the US Dollar.

More information about AED - United Arab Emirates Dirham (د.إ)


CNH - ()

The official currency of the People’s Republic of China is the Chinese Yuan Renminbi (CNH). The Yuan is used on the mainland of China, but not in Hong Kong. The symbol for the Yuan is ¥.

The Chinese Offshore Yuan is the currency in China (CN, CHN), and Hong Kong (HK, HKG). The symbol for CNH can be written Y. The Chinese Offshore Yuan is divided into 10 jiao or 100 fen. The exchange rate for the Chinese Offshore Yuan was last updated on August 24, 2018 from Bloomberg. The CNH conversion factor has 4 significant digits.

Economy

  • The economy of the People’s Republic of China is the second-largest in the world.
  • The economy has been growing at a fast pace.
  • China is the largest exporter and the second-largest of importer of products in the world.
  • Industries and services are the main trading factors in China.
  • The main industries are fertilizers, locomotives, rail cars, vehicles, satellites, footwear, toys, armaments, metals, coal, mining, and steel.
  • Export products are textiles, steel, iron, medical equipment, data processing, electrical goods, and other machinery.
  • Import products are plastics, metal ores, organic chemicals, oil and mineral fuels, and medical equipment.
  • The unemployment rate is currently estimated at 4%.

History

  • In 1948, the first edition of the Chinese yuan was introduced by the People's Bank of China. The Yuan was issued in banknotes only.
  • In 1955, a re-evaluation was done and 10,000 old Yuan = 1 new Yuan.
  • The second edition of the Renminbi was introduced in 1955.
  • The third edition of the Renminbi was launched in 1962.
  • In 1978, the dual-track currency system was implemented.
  • From 1987 to 1997, the fourth series of the Renminbi was introduced.
  • In the 1990s, the dual-track currency system was done away with.
  • In 1999, the fifth and latest series series of Renminbi was introduced.

More information about CNH - ()